As you set out to open an account with
any brokerage house, they appoint a kind of representative to the account. The
assigned representative is often referred
to as the account executive, the financial advisor or the registered
representative in the brokerage house or firm. This financial advisor normally
holds the securities license by which it is meant that he is registered with NSE or BSE – one of the two
exchanges and has enough information regarding stocks specifically andin a broad sense investing tools. In the market, one can find lots of such brokers who
can offer classic services as far as the trading and investing in the shares of various companies are concerned. There
are various options through which one can invest in the market.
The traditional or full-service brokers or advisory brokers
perform exactly in the way their name signifies. They are geared to offer the
investors a lot of facilities and services as they open an account in their firm. The registered
representative holds all the responsibility to help you, give right replies to
your queries concerning the account as well as the securities found in the portfolio,
and also executing the sell as well as purchase orders from you for which they
take commissions. With the help of brokerage calculator, you are able to compute brokerage charges levied by
the brokerage firm, SST charges, turnover fees realized
by the SEBI,etc.
Things stock brokers are able to do for you
Proffer advice long with guidance
The biggest difference amid traditional
brokers and the discount stock brokers is that of the personal attention that
you are able to get from the financial
advisor. You ought to be first in the list of your account representative’s
clients,and you are needed to reveal as
much as information possible regarding your financial aims as well as the
finances. The full services broker is always by your side to give advice concerning funds as well as stocks
that shall be conducive to your goals.
Proffer
access to research
By engaging
traditional brokers you will get easy access to the investment research section
that is able to offer you profound
details as well as analysis with regard to
a specific company.
Facilitate
you accomplish the investment purpose
A
knowledgeable financial advisor is able to
recognize your objectives of investment and you as a person as well and after
that provide replies as well as recommendations to your queries concerning how
any particular strategy and also investment shall aid you to achieve your money
growing purpose.
Rep is able totake decisions for you about
investment
A lot of
investors do not like to worry about investment when they are needed to take decisions about it. The traditional stockbrokers are in a position to take decisions on your behalf
regarding the account only after you authorize
them which is also known as a discretionary
account. It can be a wonderful service but make it certain that they give
details of the choices they are preparing for.
The best stock broker in India would definitely be registered with well-recognized stock exchanges like i.e. BSE, NSE, MCX, that somewhere reflects its credibility.
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